Settings8H · net · $10k
Funding arb · Price arb /

NEAR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.03 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against Bulk+1.102%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$1611.613% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.706%−$71 · spread now +1.102%, 7d avg +0.017%
Together, before fees−0.701%−$70 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 1.085% dearer against Bulk than usual: you sell high and buy low: +$109 more if the spread goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk NEAR-USD4.43660.0100pay 0.0013% / 1h47m 28s$253K−$010x
ShortAevo NEAR-PERP4.48550.0120get 0.0015% / 1h47m 28s$209K$40K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bulk. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$4.2
Price spread: +1.102% → +0.017%
$108.52
Slippage, 4 orders
−$138.35
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$48.63
Costs to cover
1.613%
Break-even
88.0 days
Slippage from Bulk: live order book, 62 min ago; Aevo: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 62 min ago11.67 bp15.2 bp −$1515.2 bp −$15226.9 bp −$2,69441.3 bp −$20.6K
Sell Aevo live order book, 61 min ago9.34 bp62.3 bp −$62doesn't fitdoesn't fitdoesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya NEARRUSDPERP−0.0171%1h4.4658+0.658%$2K20xas long as short
dYdX NEAR-USD0.0000%1h4.4641+0.620%$110K$68K10xas long as short
gTrade (Gains Network) NEAR/USDL +0.0004% / S −0.0006%1h4.4670+0.685%$168K150xas long as short
Injective NEAR/USDC PERP+0.0033%1h4.1410−6.663%$578$301K12xas long as short
Popdex NEARUSDT+0.0096%1h4.4670+0.685%$110K$495K50xas long as short
Bybit NEARUSDT+0.0100%8h4.4720+0.798%$229.9M$428.2M75xas long as short
OKX NEAR-USDT-SWAP+0.0100%8h4.4700+0.752%$62.9M$299.2M50xas long as short
Bulk NEAR-USDlong+0.0100%1h4.4366long leg$253K−$010x
Gate NEAR_USDT+0.0100%8h4.4681+0.710%$34.8M$60.0M75xas long as short
KuCoin NEARUSDTM+0.0100%8h4.4680+0.707%$53.3M$45.9M75xas long as short
Show all 45 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget NEARUSDT+0.0100%8h4.4649+0.638%$74.1M$126.4M75xas long as short
Variational Omni NEAR+0.0100%8h4.4568+0.454%$8.9M$18.4Mas long as short
edgeX NEARUSDC+0.0100%4h4.4914+1.235%$262K$966K20xas long as short
Polymarket Perps NEAR-USD+0.0100%1h4.4679+0.705%$281K$4.0M10xas long as short
Orderly PERP_NEAR_USDC+0.0100%8h4.4725+0.809%$58K$233K20xas long as short
SunX NEAR-USDT+0.0100%8h4.4880+1.158%$1K$1.3M20xas long as short
HTX NEAR-USDT+0.0100%8h4.4900+1.203%$469K$3.9M75xas long as short
Phemex NEARUSDT+0.0100%8h4.4810+1.000%$3.7M$8.3M50xas long as short
Paradex NEAR-USD-PERP+0.0107%8h4.4682+0.711%$32K$58510xas long as short
Aevo NEAR-PERPshort+0.0120%1h4.4855+1.102%$209K$40K3x
GRVT NEAR_USDT_Perp+0.0122%8h4.4641+0.620%$1.5M$1.5M10xas long as short
BingX NEAR-USDC+0.0165%8h4.4700+0.752%$6.7Mas long as short
MEXC NEAR_USDT+0.0181%8h4.4690+0.730%$85.7M$145.0M200xas long as short
Binance NEARUSDT+0.0181%8h4.4722+0.802%$271.5M$1.09B75xas long as short
ApeX Omni NEARUSDT+0.0253%1h4.4940+1.293%$169K$805K50xas long as short
SoDEX NEAR-USD+0.0279%1h4.4825+1.034%$5K$52K10xas long as short
BloFin NEAR-USDT+0.0296%8h4.4950+1.316%$13.7M$33.2M75xas long as short
Kalshi KXNEARPERP+0.0303%8h4.4855+1.102%$1.1M$24.9M2.2xas long as short
GMX NEAR/USD [ETH-USDC]L +0.0316% / S −0.0201%1h4.4677+0.701%$239K100xas long as short
Aster NEARUSDT+0.0343%8h4.4739+0.840%$2.9M$5.0M50xas long as short
Extended NEAR-USD+0.0368%1h4.4663+0.668%$3.7M$18.9M25xas long as short
Coinbase International NEAR-PERP-INTX+0.0424%1h4.5100+1.654%$2.3M$16.6M50xas long as short
Nado NEAR-PERP+0.0496%1h4.4815+1.012%$1.8M$3.2M10xas long as short
01 Exchange NEARUSD+0.0544%1h4.4684+0.716%$13K$7K10xas long as short
Backpack NEAR_USDC_PERP+0.0617%1h4.4832+1.050%$1.3M$6.5M20xas long as short
Kraken Futures PF_NEARUSD+0.0651%1h4.4808+0.996%$7.4M$38.3M50xas long as short
Hyperliquid NEAR+0.0688%1h4.4711+0.777%$367.9M$308.4M10xas long as short
Deribit NEAR_USDC-PERPETUAL+0.0866%1h4.4855+1.102%$2.0M$12.3M25xas long as short
Arcus NEAR-USD+0.0880%1h4.4740+0.843%$227K$1.6M10xas long as short
Lighter NEAR+0.0976%1h4.4760+0.888%$17.6M$24.7M15xas long as short
Phoenix NEAR+0.1003%1h4.5001+1.431%$1.9M$2.5M10xas long as short
Lighter RH NEAR+0.1040%1h4.4702+0.757%$1.5M$6.6M10xas long as short
Pacifica NEAR+0.1187%1h4.4712+0.780%$412K$1.4M10xas long as short
Aftermath Perps NEARUSD+0.1206%1h4.4651+0.643%$6K$12K10xas long as short
RISEx NEAR/USDC+0.1259%1h4.4667+0.678%$678K$1.4M10xas long as short